Company Number: 13155226

Analysis Date: 2025-07-20 14:51 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Olys Autos Ltd is an active micro private limited company operating in the motor vehicle maintenance and repair sector. The company has been trading since 2021 and is currently showing a decline in net assets and negative working capital, which raises concerns about short-term liquidity. However, it holds significant fixed assets and has no overdue filings or compliance issues. Given the sector and current financials, credit facilities may be extended conditionally, with careful monitoring and possibly secured against fixed assets.

2. Financial Strength:

• The balance sheet shows large fixed assets (£339,859 as of 31 March 2024) relative to total net assets (£23,389). This indicates the company has invested heavily in long-term assets such as equipment or premises.
• Net assets have decreased significantly from £52,537 in 2023 to £23,389 in 2024, signaling a weakening equity base.
• The company has substantial long-term liabilities (£205,527), nearly matching fixed asset values, suggesting leveraged financing.
• Current liabilities exceed current assets by £110,943, indicating working capital deficiency and potential short-term liquidity stress.

3. Cash Flow Assessment:

• Negative net current assets highlight that the company may struggle to meet short-term obligations without converting fixed assets or securing additional funding.
• No profit and loss or cash flow statements are provided, but the reduction in net assets and increased current liabilities imply limited cash inflows or increasing costs.
• Average employee count increased slightly to 8, which may contribute to higher overheads.
• The absence of overdue accounts or confirmation statements suggests management is maintaining regulatory compliance, which is positive.

4. Monitoring Points:

• Track changes in net current assets and liquidity ratios to detect improvement or further deterioration in working capital.
• Monitor profit margins and cash flow from operations once available to assess ongoing debt servicing capability.
• Watch for any increases in long-term debt or secured borrowing that could impact financial flexibility.
• Assess any asset disposals or capital injections that could strengthen the balance sheet.
• Review director changes and related party transactions for governance and control risks.